Financial Administrator

Summary

The Financial Administrator is responsible for providing analysis and business consulting services to support assigned departments. Business consulting services are provided for ongoing operations as well as new products and services, often in collaboration with Strategic Planning, Corporate Business Development, and Partnership services. Collaborates with operational leaders and central services to identify opportunities to redesign processes to reduce costs and/or maximize revenue, while complying with regulatory guidelines.

Acts as a financial advisor to assigned areas. Interprets information from reports and other sources (which person in the role may have developed) and advises his/her customers of the meaning and impact of the information to the department and related strategies.

Credentials and

Experience:

• Bachelor’s Degree in Business, Accounting or Finance
• Seven (7) years’ experience in financial analysis, healthcare finance, research finance or business administration.

** CPA required (will be tracked by the business); however, in lieu of CPA, a Master’s degree in related field or an additional three (3) years of experience in research finance or health care financial analytics support roles, including healthcare financial analysis, decision support, planning and health care economics for a total of ten (10) may be considered.

Responsibilities:

• Develops and maintains Institutional performance dashboards that report actual performance against predetermined financial, process and resource management goals.
• Fulfills complex report requests from leaders in the organization which requires problem solving and consulting skills.
• Superior analytical skills required to build and summarize a variety of simple and complex financial reports.
• Acts as a system analyst and develops new analyses, reports and dashboards to fulfill changing reporting needs.
• Performs monthly quality assurance reviews on data to ensure accuracy, identifies issues, and works with the necessary departments to resolve the data issues.
• Prepares various financial modeling to develop a justification and associated proforma for the recruitment of faculty or staff when necessary.
• Develops new analyses and reports as requested by the Operational Leadership.
• Trains and educates the various end users on the reporting tools and works with IT to continue further development of dashboards or enhancements to existing reports.
• Calculates and reports productivity for customers.
• Interprets reports regarding financial performance, productivity and standards, and provides recommendations for areas of improvement.
• Produces monthly and annual complex ad-hoc requests and reports as requested by departments.
• Provides data, variance analysis, and consulting services for their assigned areas for the annual budget, quarterly forecast and monthly financials.
• Supports development of financial forecasts as it relates to assigned departments.
• Collaborates with operational leaders when evaluating opportunities to reduce costs or maximize revenues
• Prepares various financial modeling to develop a justification and proforma for new service offerings and the expansion of services.
• Assists with new program and new business development by providing financial…